NTPC has signed a Memorandum of Understanding (MoU) with the Himachal Pradesh government to set up two hydro-power projects in the state, with a cumulative capacity of 520MW, which would require an estimated investment of about Rs 5,300 crore. The move is seen to help the thermal power behemoth reach its goal of achieving 32 GW of renewable energy capacity —25% of its installed base — by 2032.
According to an NTPC statement, the Seli (400 MW) and Miyar (120 MW) projects would be set up at the Chenab basin in the Lahaul and Spiti district. Both these plants would be run-of-the-river projects, which means that no large reservoirs would be built in these rivers and large tracts of land will not be submerged as the power plants are ecologically sustainable.
